Developing your Business Idea

ONLINE COURSE IN DEVELOPING A NEW BUSINESS

Getting your business idea of the ground is a real challenge in today's tough economic climate. Tough times mean you need to be truly well prepared to answer the questions of potential investors,
banks, and even your family if you are to invest in a new venture.

This course will help you develop your business proposition, enabling you to evaluate its commercial viability, and identify and plan for the resources and actions you need to develop your
business.

COURSE FEES: £79.00 - Click on this link to Buy Now .....

COURSE DETAILS

Suitable For: All LearnersCourse Duration: 8 Hours

Course Access Duration: You will have access to your course for 90 days from date of purchase

The purpose of this course is to help you think about your business idea and perform an initial business feasibility analysis. The course will guide you through
consideration of market, management, and money questions. To analyze these areas adequately will take significant time and effort, but your work willpay off many times over.

We begin this course with helping you evaluate the market demand for your business concept, and the intensity of the competition for your business concept.

We then help you look at the commercial potential for the business, and the viability of your business model. We go to look in some detail at the financial factors, such a start-up costs, sales
potential and break even, and the all-important cash flow forecast.

We also show you how to get feedback on your business idea before going forward.

You will then learn how to select the best fit business structure for your business idea, and your resources, whether partnership, or limited company.

You will also learn about the all-important 'Exit Plan', and how to know when to change direction.

Finally, you will frame a business development plan for your new business concept.

COURSE CONTENT

The contents of this course include:

Defining the Business Concept

Defining your Business Model

Defining your USP

Assessing the demand for your products or services

Assessing your Competitive Viability

Assessing the Commercial Viability

Identifying the start up costs

Identifying sales forecasts and cash flow

Identifying break even and risk

Getting the right feedback on your plan

Selecting the best Business Structure

Knowing your Exit Strategy

Identifying your Resource Needs

Preparing your Business Development Plan

COURSE DETAILS

Suitable For: All LearnersCourse Duration: 8 Hours

Course Access Duration: You will have access to your course for 90 days from date of purchase

Assessment: Online Quizzes

Certification: Completion Certificate

Delivery: Online

Resources: Learners' Manual, Articles and workbooks

ILM Equivalence: E.301 - Assessing the Viability of a Business Idea

FREE TRIAL

Click here to acess a free trial of this course. Simply add you name and email address and you will have access to the first modules of this course for 48 hours. You will also be able to download
an extract from the course Learning Manual.